WASHINGTON, DC (May 29, 2013)– NCB Capital Impact is pleased to announce that Eli Kennedy has joined its board of directors. Mr. Kennedy is president and CEO of Pacific Charter Schools Development (PCSD), a position he has held since 2010 and has served on the PCSD board since 2008. “Eli Kennedy will add a unique perspective to our board of directors,” said Terry Simonette, President and CEO of NCB Capital Impact. “I have great admiration for his deep understanding of the current challenges facing charter schools and nonprofit organizations.”
WASHINGTON, DC (April 24, 2013) —The U.S. Department of the Treasury’s CDFI Fund announced today that NCB Capital Impact was awarded $40 million in New Markets Tax Credit (NMTC) allocation. Capital Impact was one of 85 organizations to receive a combined $3.5 billion in allocation nationally. This is Capital Impact’s 6th award, increasing Capital Impact’s total allocation to $449 million.
Washington, DC (March 27, 2013) – NCB Capital Impact has been awarded a $1.91 million grant from the Ford Foundation to support the continued growth of its affordable housing initiative, the Cornerstone Partnership, which helps local homeownership programs preserve long-term affordability.
Washington, DC (January 31, 2013) -NCB Capital Impact (Capital Impact) announced today that it had again received the highest rating from the CDFI Assessment and Rating Service (CARS™) for 2012. For the fourth straight year, Capital Impact received an AAA +1 rating. The AAA is the highest mark for the organization’s social impact, and the numerical part of the rating, which ranges from a high of 1 to a low of 5, measures financial strength and performance of the institution.
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